The employment in the wholesale, retail trade, and repair of motor vehicles and motorcycles sector in the U.S. is projected to grow from 2.85 million full-time equivalents in 2024 to 2.96 million by 2028. In 2023, this employment figure was slightly lower. Year-on-year growth is modest, ranging around 1-2% annually, indicating a stable yet slow upward trend. Over this five-year forecast period, the compound annual growth rate (CAGR) is in the vicinity of 0.95%.
Looking ahead, key trends to monitor include technological advancements influencing the automotive sector, shifts in consumer behavior towards electric vehicles, and potential policy changes that could impact market demand and employment levels in this industry.
